Apple said it shipped 47.4 million iPhones in its most recent quarter, a figure slightly below what some analysts had expected. However, the company's quarterly profit jumped 38 percent, slightly more than analysts had expected. Apple's stock was down around 8 percent immediately after the news, likely due to investor hopes for higher iPhone sales.
Apple's continued strength in smartphones will likely produce stronger year-over-year iPhone sales in the second quarter, according to analysts. However, as China's economy slows amid a slide in the stock market there, Apple's sales could take a hit.
Apple is a notable absentee from the worldwide dual-SIM smartphone market.
Some news stories called it a "surprise release." Others called it a "mystery release." For something that's key to its mobile app ecosystem, you'd think Apple would be a little more forthcoming about the latest developer preview of iOS.
Despite the introduction of Samsung Electronics' Galaxy S6 and S6 Edge smartphones in the second quarter, U.S. smartphone demand actually dropped steadily in the quarter and was down 8 percent year-over-year compared to June 2014, according to a new report from research firm Argus Insights.
Google said it is addressing limitations in Bluetooth low energy (BLE) beacon systems with a new, open, format that will make it easier for developers to produce compatible applications.
ASPEN, Colo.---Apple plans to release an update on the company's workforce diversity later this summer but a top human resources executive with the company said today that the company has seen some improvements in terms of hiring women and minorities, particularly African-Americans.
What role will Google and Apple play in unleashing developers as the Internet of Things spreads? There is still some question of whether mobile dominance will be carried over to IoT. Special report
Apple still wants to include local station feeds of the Big Four broadcast networks in a new over-the-top video service, and the company has reportedly found a way to handle the tricky problem of carving out licensing deals with hundreds of local network-affiliate stations.
Apple may have captured around just 18 percent of the global smartphone market in the first quarter, according to research firm IDC. Yet according to investment bank Canaccord Genuity Apple grabbed nearly all of the smartphone profits that quarter.